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Galway Metals Announces Adoption of Equity Incentive Plan
TORONTO, ON / ACCESSWIRE / March 2, 2023 / Galway Metals Inc. (TSXV:GWM); (OTCQB:GAYMF) (the " C...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals Announces Adoption of Equity Incentive PlanTORONTO, ON / ACCESSWIRE / March 2, 2023 / Galway Metals Inc. (TSXV:GWM); (OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to announce that at the Company's Annual General and Special meeting (the \"Meeting\") held on December 14, 2022, the shareholders of the Company adopted the Company's amended equity incentive plan (the \"Plan\") which has a 10% rolling stock option component reserving an aggregate of 20,154,942 shares for issuance as of the date of the Meeting. Because the Company consolidated its common shares on the basis of one post-consolidation common share for every three pre-consolidation common shares on January 25, 2023, there are now an aggregate of 6,718,312 shares reserved for issuance under the Plan as of March 2, 2023.The Plan was amended to comply with the TSX Venture Exchange's new Policy 4.4 Security Based Compensation, which was updated in November 2021. For more information and for the full text of the Plan, refer to the Company's information circular dated November 10, 2022, available on its profile at www.sedar.com.About the CompanyGalway Metals is focused on creating significant per share value through the exploration and sustainable development of its two 100%-owned projects in Canada. Galway's flagship, Clarence Stream, is one of the most important gold districts in Atlantic Canada as it hosts a large, high-grade gold resource in SW New Brunswick. Also important is Estrades, the former-producing, high-grade, gold- and zinc-rich polymetallic VMS mine in the northern Abitibi of western Quebec as it hosts significant resources in the middle of a major 10-million-ounce gold camp, based on production, reserves and resources. Galway's activities will be conducted while respecting the environment and communities in which it operates. Galway is well capitalized. The Company began trading on January 4, 2013, after its successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.Should you have any questions and for further information, please contact (toll free):Galway Metals Inc.Robert HinchcliffePresident & Chief...